Investment Centers of America Inc. cut its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 8.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,479 shares of the company’s stock after selling 4,172 shares during the period. Investment Centers of America Inc.’s holdings in Sirius XM Holdings were worth $248,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Sirius XM Holdings by 3,534.6% during the first quarter. BlackRock Inc. now owns 82,131,614 shares of the company’s stock worth $422,980,000 after purchasing an additional 79,871,880 shares during the last quarter. Credit Agricole S A lifted its position in shares of Sirius XM Holdings by 641.1% during the first quarter. Credit Agricole S A now owns 6,219,924 shares of the company’s stock worth $32,032,000 after purchasing an additional 5,380,619 shares during the last quarter. FMR LLC lifted its position in shares of Sirius XM Holdings by 12.8% during the first quarter. FMR LLC now owns 41,962,057 shares of the company’s stock worth $216,105,000 after purchasing an additional 4,772,837 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Sirius XM Holdings by 925.9% during the second quarter. Principal Financial Group Inc. now owns 3,803,755 shares of the company’s stock worth $20,807,000 after purchasing an additional 3,432,999 shares during the last quarter. Finally, Marshall Wace North America L.P. lifted its position in shares of Sirius XM Holdings by 535.4% during the second quarter. Marshall Wace North America L.P. now owns 3,404,647 shares of the company’s stock worth $17,023,000 after purchasing an additional 2,868,784 shares during the last quarter. Institutional investors own 20.31% of the company’s stock.

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SIRI has been the topic of several research analyst reports. Vetr raised shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.28 price target on the stock in a research report on Tuesday, June 20th. KeyCorp reaffirmed a “hold” rating on shares of Sirius XM Holdings in a research report on Friday, August 25th. BidaskClub raised shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Piper Jaffray Companies set a $7.00 price target on shares of Sirius XM Holdings and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Citigroup Inc. increased their price target on shares of Sirius XM Holdings from $5.50 to $6.65 and gave the stock a “buy” rating in a research report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Sirius XM Holdings has an average rating of “Buy” and a consensus target price of $5.75.

Sirius XM Holdings Inc. (SIRI) opened at 5.47 on Wednesday. The company has a market cap of $25.23 billion, a PE ratio of 32.18 and a beta of 1.08. The firm has a 50-day moving average of $5.58 and a 200-day moving average of $5.29. Sirius XM Holdings Inc. has a one year low of $4.05 and a one year high of $5.89.

Sirius XM Holdings (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.04 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.04. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Sirius XM Holdings had a net margin of 15.47% and a negative return on equity of 99.07%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 earnings per share. On average, analysts predict that Sirius XM Holdings Inc. will post $0.18 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th were given a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.73%. Sirius XM Holdings’s dividend payout ratio (DPR) is presently 25.00%.

Sirius XM Holdings Company Profile

Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.

Institutional Ownership by Quarter for Sirius XM Holdings (NASDAQ:SIRI)

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